@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.

However, when I’m told on the day of closing they need an appraisal and won’t be funding to close, that isn’t professional.

I’d love to connect with experienced landlords and investors who can share advice on getting started, selecting properties, and navigating the Section 8 process.

Readers should seek professional advice.

If you are broke and trying to quit your job asap, the answer will be much different than what an acceptable answer would be for a professional investor who is a multimillionaire.

These are professionals with additional training and a stricter code of ethics.

Licenses are typically required if you plan to work in a professional real estate role, like as an agent or broker.

Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

These tax professionals opted to pay to be included in this directory.